文章基本信息

标题：The Implications Of Expensing Stock Options On Corporate Governance
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作者：Vinita Ramaswamy ; C. Joe Ueng
期刊名称：Journal of Business & Economics Research
印刷版ISSN：1542-4448
电子版ISSN：2157-8893
出版年度：2011
卷号：5
期号：9
语种：English
出版社：The Clute Institute for Academic Research
摘要：This paper examines the roots of the abuse of stock options, finding it centered on a principal/agent problem that arises when employee stock options are not required to be expensed in the income statement. The failure of corporate governance, including the proper oversight of executive compensation, and the failure of FASB to require expensing stock options, leads to a management-centric organization whose motives diverge from the interests of shareholders.